Acme Solar Holdings Q4 Results PAT Rs 138 Crore Up 13 Percent Revenue Surges 31 Percent

Acme Solar Holdings Q4 results for FY26 announced on 7 May 2026 delivered a solid operational quarter with revenue rising 30.7% year on year to Rs 705 crore and profit after tax growing 13.3% to Rs 138 crore. The Acme Solar Holdings Q4 numbers were underpinned by higher generation volumes across the operational fleet and the commissioning of approximately 2.3 GWh of Battery Energy Storage System capacity, among the largest BESS commissioning milestones achieved in India to date.

Investors tracking the Acme Solar Holdings Q4 results FY26 will find the full-year performance particularly compelling with FY26 revenue surging 59% to Rs 2,507 crore and normalised PAT nearly doubling to Rs 498 crore, up 99% year on year. The Acme Solar Holdings Q4 print also included a 301 MW FDRE project win with SECI, taking cumulative FY26 project additions to 1,401 MW.

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Acme Solar Holdings Q4 FY26 Results at a Glance

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Key Highlights from Acme Solar Holdings Q4 FY26

BESS Commissioning Sets Industry Milestone

The commissioning of 2.3 GWh of Battery Energy Storage System capacity during FY26 is among the largest BESS commissioning events in India’s renewable energy sector. The Acme Solar Holdings Q4 quarter saw BESS already generating merchant and short-term peak power revenues at a net realisation of approximately Rs 2.2 crore per day. This validates the company’s thesis that BESS integration with solar and wind assets creates a superior revenue profile compared to stand-alone renewable generation.

Project Pipeline and Order Wins

The Acme Solar Holdings Q4 quarter saw a 301 MW FDRE project win with SECI, pushing the total portfolio to 8,071 MW including 17 GWh of BESS installation. The Acme Solar Holdings Q4 results bring under-construction signed PPA capacity to 3.3 GW. The company’s weighted average cost of debt for operational projects stands at 8.4%, reflecting disciplined financing strategy.

FY26 Full-Year Outperformance

The Acme Solar Holdings Q4 results capped a transformative FY26 with 100 MW wind project fully commissioned, the first wind addition for the company. FY26 EBITDA also grew 61% to Rs 2,265 crore, maintaining a near 90% margin characteristic of the renewable energy sector. The Acme Solar Holdings Q4 board also announced a leadership change with Arun Chopra appointed as the new CFO effective May 8, 2026.

Risks to Monitor

• Merchant power price volatility: BESS revenues depend on merchant and short-term pricing which can be volatile, affecting Acme Solar Holdings Q4 trajectory assumptions.
• Execution risk on large pipeline: With 5,081 MW under construction, any delay in commissioning could postpone revenue recognition and strain working capital.
• Interest rate sensitivity: Any reversal in the rate cut cycle could increase refinancing costs on the operational debt book.
• Regulatory changes: Policy shifts in renewable energy tariff-setting or SECI project terms could affect returns on commissioned and pipeline projects.

Conclusion

The Acme Solar Holdings Q4 results FY26 confirm a company that has meaningfully scaled its renewable energy platform, with Q4 PAT at Rs 138 crore up 13.3%, revenue up 30.7% to Rs 705 crore, and FY26 PAT nearly doubling to Rs 498 crore. The Acme Solar Holdings Q4 quarter also marked the commissioning of India’s largest BESS capacity, validating the company’s differentiated energy storage strategy.

For FY27, the critical variable is whether the Acme Solar Holdings Q4 momentum in BESS revenue monetisation continues as the full 2.3 GWh commissioned capacity operates through a complete year and whether the 5 GW under-construction pipeline converts to commissioned revenue on schedule.

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Disclaimer: This article is for educational and informational purposes only and does not constitute investment advice. Univest analysts are SEBI-registered research analysts (SEBI RA: INH000012449). Investments in the securities market are subject to market risk. Consult a SEBI-registered financial advisor before making any investment decisions.

Frequently Asked Questions

What was the Acme Solar Holdings Q4 FY26 PAT?

The Acme Solar Holdings Q4 FY26 profit after tax stood at Rs 138 crore, up 13.3% year on year. This was driven by higher generation revenues and initial contributions from the newly commissioned BESS capacity.

What is the Acme Solar Holdings Q4 FY26 revenue?

Revenue in the Acme Solar Holdings Q4 results FY26 stood at Rs 705 crore, up 30.7% year on year. For the full year FY26, revenue grew 59% to Rs 2,507 crore.

What is the Acme Solar Holdings total portfolio after Q4 FY26?

The Acme Solar Holdings Q4 results show total portfolio at 8,071 MW including BESS, with operational capacity at 2,990 MW. Under-construction signed PPA capacity stands at 3.3 GW with total pipeline at 8,071 MW.

What is the BESS milestone in the Acme Solar Holdings Q4 results?

Acme Solar Holdings commissioned approximately 2.3 GWh of Battery Energy Storage System capacity in FY26, among the largest BESS commissioning in India to date, with net realisation of approximately Rs 2.2 crore per day.

What is Acme Solar Holdings FY26 full-year PAT?

FY26 full-year consolidated profit after tax for Acme Solar Holdings Q4 and full year stood at Rs 498 crore, nearly doubling from Rs 251 crore in FY25, driven by capacity additions, higher generation, and BESS revenues.

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